Beef Buzz News
Dan Halstrom, USMEF, Expects U.S. Beef Exports To Increase in Late 2020
Tue, 25 Aug 2020 07:37:38 CDT
May and June were down months for U.S. beef exports due to the pandemic, but Dan Halstrom, president and CEO of the U.S. Meat Export Federation, expects the last half of this year will be much better for getting U.S. beef into the global market.
Ron Hays Beef Buzzes With Dan Halstrom
Everyone wants to talk about COVID, and it is a huge issue for everybody, but keep in mind we had some tailwinds before COVID with the Japan trade agreement and the Phase One trade deal with China, Halstrom said.
The China trade package was specifically rewritten to favor U.S. beef.
We had a reduction in the traceability requirement, lifting of the age restriction on cattle and tolerance for hormone treated cattle, Halstrom said.
China is one of the largest beef importers in the world and we can meet their needs. Halstrom said.
For several years prior to the Japanese trade deal we were losing ground to the competitors but now that we are on a level playing field we can win because we have the quality, Halstrom said.
The Japanese and Korean markets are ramping up as their economies recover and we are spending a lot of our time there today, he said.
One concern is the market in Mexico, which was hit by the pandemic after the U.S.
We were doing well until early May and then they entered the lockdown, he said.
The demand for our products is pretty resilient and Mexico will come out of it and we will be ready, Halstrom said.
He added there is going to be a surge in pent up demand.
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